Webster's Online Dictionary
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Specialty Expressions: BENEFICIAL INTEREST

ExpressionsDomainDefinition
Beneficial interestLaw1: BENEFICIAL INTEREST. That right which a person has in a contract made with another; as if A makes a contract with B that he will pay C a certain sum of money, B has the legal interest in the contract, and C the beneficial interest. Hamm. on Part. 6, 7, 25 2 Bulst. 70. (references)
  2: The person whom something really belongs to has the beneficial interest in it. Source: European Union. (references)

Source: compiled by the editor from various references; see credits.

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